11 Nov 2010 - What? - Is It Possible?

As a continuation to my recent post entitled, "How?", here's the 2nd article!

(to read the 1st article, click here)

Today's article centers around the idea of what program to invest in and what strategy to implement when you are faced with the "luxury" of 10, 20 seemingly high-quality programs.

I've been sticking to 1 singular strategy for a while now, and so far it has brought along really decent profits for me. Some of you might remember that I recently lost $1000 in UniteTrade when they collapsed. Yes, it does frustrate me to no end, but not because I lost the money. (of course, losing money does hurt :p) Instead, I failed in analyzing the program, and that's what hurts me the most.

Besides, as I've established a really solid foundation in my investment portfolio, that $1000 was part of my profit from other programs. Therefore, I didn't essentially lose any of my principal, merely my profits.

Do you catch the flow there? While I fool around with fire, I always keep it realistic because I'm merely toying with my profits from other programs, hoping to increase it a little bit more before pulling it into my bank. Invest sensibly. And here's my strategy to what programs to invest in:

1) Choose 4-5 long term programs that have been around for at least 4 months. Why 4? Because that's the time frame most programs have proven themselves, yet they're not at their peak as to scam in the near future. Nonetheless, some exceptions apply.

2) Then, with the regular profits that you're generating from the long-term programs, invest the balance in short-term programs in order to maximize your profits prior to pulling out. A sensible number of short-term programs to invest: 2-3

3) Mid-term programs are fun, but most have gone extinct. I hardly see any good mid-term programs around anymore, so I doubt that you would want to invest in any right now anyway.

Contrary to the common view, I believe in long, then short. What does this mean? "Long, then short" is a phrase I came out myself :) to remind me that always rely on long-term programs before moving on to short-term if I want to build a solid foundation in the industry.

There are quite a few in the industry just seeking quick cash, and for those, I would not recommend following my advice. What I'm seeking in this industry is a solid footing that will enable me to earn consistently for the next 3-4 months.

And let me tell you this: IT IS POSSIBLE! If you want to have a consistent 4-figure income, just as I do with my investments right now, it is possible. All it takes is a little calculation and intuition.

Initially I started off with only $500, and I invested that sum with GeniusFunds, GoldNuggetInvest and SazaInvestment. Those were my 3 main money cows back then, generating months after months of consistent returns right up until they closed. Oh, there was this program (I can't recall the name) that claimed to invest in I-don't-know-what, which i joined and made a decent profit from as well. All in all, you can call it good luck if you want, but my $500 increased multifold, and that opened my eyes to the possibility of making a consistent income.

Nevertheless, there were ups and downs as well. At one point, I was down to $500, but I never gave up and kept on going to look for the one program that will be my money tree.

I was wrong. To assume that there is just one singular program that will be my milking cow was one of my first lessons in the industry.

Never rely on any one program.

Spread out your investments to minimize risks. That's the smart thing to do, regardless of how promising the program looks.

Fast-track to today, I spread my investments among CherryShares, OilStructure and AVFinance. Arguably, these 3 may not be the best sites in your book, but they are in mine. Another pointer here: trust yourself in deciding which programs to invest in.

Many people have different budgets, and goals, in this industry. Some may be looking for quick cash, while others may be looking for a regular income. Some blogs may claim that xxx program is the best in the industry, yet fail to note that it only offers short-term plans, which warrants a soon-to-come collapse. Therefore, choose your investment goals, and then invest accordingly..

To sum it up, there are 4 pointers that you could, and I would highly recommend that you do, follow:

1) Choose your investment goals
2) Trust yourself
3) Long, then short
4) Never rely on any one program

I hope this article will assist you in making a wiser decision in the industry!

If this article has helped you expand your views of the industry, please spread it to your friends and family, or you can post your comments below to show your appreciation!

Thank you!